Moist Wound Dressings Market Growth & Trends:
The global moist wound dressings market size is expected to reach USD 6.50 billion by 2030, registering a CAGR of 5.49% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The increasing cases of acute & traumatic wounds, lacerations, diabetic ulcers, and chronic wounds, such as surgical and diabetic, are expected to boost market growth. According to a report by Elsevier, about 300 million acute wound injuries occur per year.The COVID-19 pandemic had a negative impact on the market growth. According to a study, patients with chronic leg ulcers were on the receiving end of collateral damage caused by restricted access to non-essential health services and overburdened healthcare systems during the pandemic. The same study showed that almost 75% of patients suffering from ulcers discontinued their treatment due to pandemic restrictions. The ongoing R&D in the healthcare field is leading to the development of new products. For instance, the advent of keratin-based wound care products.
These products facilitate wound re-epithelialization but also form part of dressings and aid in wound healing as the keratin matrix in them gets absorbed in the wound, thereby eliminating the need to change the dressing. Furthermore, the introduction of novel therapies, such as electromagnetic therapy, electrical stimulation, nanotechnology, and the use of silver and other combination dressings are boosting the market growth. These advancements ensure better wound care during any trauma, thereby supporting the market growth. Similarly, new products in the pipeline are anticipated to augment the market growth over the forecast period. For instance, researchers at the Massachusetts Institute of Technology in the U.S., the University of Nebraska-Lincoln, and Harvard Medical School have developed a bandage that provides precise and scheduled drug delivery, which can be customized as per requirement. Such innovations are expected to create growth opportunities for the market participants.
Moist Wound Dressings Market Report Highlights:
- Based on product, the foam dressings segment accounted for the largest revenue share of 23.4% in 2022 owing to their high absorbency, which makes them ideal for wounds with moderate to heavy discharge
- On the other hand, the hydrocolloid dressings segment is expected to grow at the fastest CAGR of 6.0% during the forecast period owing to the increasing investment in wound care and the increasing emphasis on advanced wound management by healthcare institutions
- Based on applications, the chronic wounds segment accounted for the largest revenue share of 59.9% in 2022. The rising incidence and prevalence of chronic diseases, such as diabetes, peripheral vascular disease, and venous insufficiency, are expected to drive the product demand in chronic wound treatment and management
- The acute wounds segment is expected to grow at the fastest CAGR of 5.6% over the forecast period owing to the ongoing advancements in moist wound care technologies, including the development of innovative materials and formulations for acute wound applications
- The hospitals end-use segment dominated the market with a share of 45.2% in 2022 owing to the high product demand in surgical units within hospitals. The home healthcare segment is expected to grow at the fastest CAGR of 6.1% during the forecast period due to the rising preference for providing healthcare services in the comfort of patients' homes
- In 2022, North America dominated the market with a revenue share of 45.4% owing to the presence of a well-established pharmaceutical industry. On the other hand, Asia Pacific is anticipated to register the fastest CAGR of 6.0% over the forecast period due to the presence of untapped opportunities in the emerging economies of China and India
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. End Use
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.2.3. End Use outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Moist Wound Dressing Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Reimbursement framework
- 3.4. Market Dynamics
- 3.4.1. Market driver analysis
- 3.4.2. Market restraint analysis
- 3.5. Moist Wound Dressing Market Analysis Tools
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier power
- 3.5.1.2. Buyer power
- 3.5.1.3. Substitution threat
- 3.5.1.4. Threat of new entrant
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Technological landscape
- 3.5.2.3. Economic landscape
Chapter 4. Moist Wound Dressing: Product Estimates & Trend Analysis
- 4.1. Moist Wound Dressing Market: Key Takeaways
- 4.2. Moist Wound Dressing Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Foam Dressings
- 4.3.1. Foam Dressings market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. Hydrocolloid Dressings
- 4.4.1. Hydrocolloid Dressings market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5. Film Dressings
- 4.5.1. Film Dressings market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. Alginate Dressings
- 4.6.1. Alginate Dressing market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7. Hydrogel Dressings
- 4.7.1. Hydrogel Dressings market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8. Collagen Dressings
- 4.8.1. Collagen Dressings market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.9. Other Advanced Dressings
- 4.9.1. Other advanced Dressings market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Moist Wound Dressings Market: Application Estimates & Trend Analysis
- 5.1. Moist Wound Dressing Market: Key Takeaways
- 5.2. Moist Wound Dressing Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Acute Wounds
- 5.3.1. Acute Wounds market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.2. Surgical & traumatic wounds market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.3. Burns market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Chronic Wounds
- 5.4.1. Chronic wounds market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.2. Diabetic foot ulcers market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.3. Pressure ulcers market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.4. Venous leg ulcers market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.5. Other chronic wounds market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Moist Wound Dressings Market: End-use Estimates & Trend Analysis
- 6.1. Moist Wound Dressing Market: Key Takeaways
- 6.2. Moist Wound Dressing Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Hospitals
- 6.3.1. Hospitals market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. Specialty Clinics
- 6.4.1. Specialty clinics market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5. Home Healthcare
- 6.5.1. Home healthcare market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Moist Wound Dressing Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Moist Wound Dressing Market by Region: Key Marketplace Takeaway
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. UK
- 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.4. Italy
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.5. Spain
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.6. Sweden
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.7. Norway
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.8. Denmark
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. Japan
- 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.2. China
- 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.3. India
- 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.4. Australia
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.5. Thailand
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.6. South Korea
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.2. Mexico
- 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.3. Argentina
- 7.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. Saudi Arabia
- 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.2. South Africa
- 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.3. UAE
- 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.4. Kuwait
- 7.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Coloplast A/S
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. Medline Industries, Inc.
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. Smith & Nephew
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Convatech Inc.
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Systagenix
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Derma Science, Inc.
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Cardinal Health
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Acelity
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. 3M
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. B. Braun Medical Inc.
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives